So, no, there are no tax benefits to giving the profit to yourself through an LLC.Now in some instances you may need a separate entity to do the work (i.e. federal grant programs; but you can't legally make a profit from those either).

Given that most floors are not level, how do you go about shimming and adjusting the base cabinets once the tile has been installed?

There's also a huge tax benefit.

With this cushion, we roll in ALL closing costs, construction interest reserve which gives you the benefit of making no payments during construction, and also a $10,000 home equity line of credit that you have full access to at completion in case of any potential negative cash flow from renting or temporary vacancy before it sells or rents.

We offer tax reduction, IRS audit proofing, entity structuring, and other financial services that could also benefit you (depending on your particular situation).

House " A" is a fix-up, and it occured to me that the tax advantages of using it as a rental for a year or so might outweigh the interest rate benefit of renter occupied.

t=6143 for more discussion on this topic.Since you seem to be naturally leaning towards the leveraging concepts, I would recommend that you thoroughly research the other side of that to fully understand the benefits of paying down property.

I am looking to create a long term business relationship that will benefit all three parties involved.Thank You,Jordan LevyAccount [email protected]

How about really understanding how a lease option might benefit the seller, and adding it in as a exit strategy.

okay for your first investment - land is probably not the most ideal investment - because it doesn't put any cash in your pocket and there are really no tax benefits other than writing off the taxes.basically cash will flowing OUT OF YOUR POCKET rather than OUT AND BACK IN TO YOUR POCKET - possibly like a rental unit.if you were to start a business - say a pizza shop - now you're just starting out...would you invest in a pizza shop that doesn't make any money and only costs you money to spend on it????